H
167
Notes to the parent company 14 Commitments and contingencies
Ahold at a glance Our strategy Our performance Governance
financial statements
Notes and loans issued by certain subsidiaries are guaranteed by the parent company, as disclosed in Note 21 to the consolidated financial statements. The parent company also guarantees
certain lease obligations and other obligations of subsidiaries. Guarantees issued by the parent company regarding the financial obligations of third parties and non-consolidated entities
amount to €554 million as of December 29, 2013 (December 30, 2012: €654 million).
As part of the divestment of U.S. Foodservice in 2007, Ahold received an irrevocable standby letter of credit for $216 million (€1 63 million), which was reduced to $93 million (€67 million) as
of December 29, 2013.
Under customary provisions, the parent company guarantees certain representations and warranties made in agreements of asset disposals. Guarantees and legal proceedings are further
disclosed in Note 34 to the consolidated financial statements. The parent company forms a fiscal unity with Ahold's major Dutch and certain other subsidiaries for Dutch corporate income tax
and Dutch VAT purposes and, for that reason, it is jointly and severally liable for the Dutch corporate income tax liabilities and Dutch VAT liabilities of the whole fiscal unity. Assumptions
of liability pursuant to section 403, Book 2 of the Dutch Civil Code are disclosed in Note 36 to the consolidated financial statements.
Zaandam, the Netherlands
February 26, 2014
Management Board
Dick Boer
Jeff Carr
Lodewijk Hijmans van den Bergh
James McCann
Supervisory Board
Jan Hommen (Chairman)
Judith Sprieser (Vice Chairman)
Stephanie Shern
Rob van den Bergh
Derk Doijer
Mark McGrath
Ben Noteboom
Financials
Investors
Ahold Annual Report 2013
